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January 15, 2016

Goldman Sachs Reaches $5 Billion Settlement over Financial Crisis
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Goldman Sachs has reached a tentative $5 billion settlement with federal
and state investigators over the investment bank's role in the 2008
financial crisis. Goldman was under investigation for lying about the
value of the mortgage-backed securities it sold in the years leading up
to the crash. The sale of toxic securities helped trigger the global
economic recession. Under the terms of the tentative settlement, Goldman
will pay billions in civil penalties. No one will go to jail.


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